All Forum Posts by: Mark Sherwood

For those of you who have read “Landlording on AutoPilot”, would the concepts in the book still apply to those of us in Canada? Or is it predominantly US only concepts? Thanks! I am looking to read it but am unsure if it would be worthwhile since I am Canada.

Hi all!

I currently work in customer service for a tech company but am considering a career change to being a home appraiser or home inspector.

I am in Canada and have looked at the requirements, however I was wondering if there are any appraisers or inspectors in the group who can speak to the actual careers and day to day of the jobs.

Do you enjoy the job? Are you self employed or work for a company? Is the salary generally pretty good? Would you recommend either of the careers? Or both? Especially for someone with little to no trades background?

Thanks everyone in advance and I look forward to hearing your replies!

@Frank Patalano great advice, thank you so much for helping me and for the hundreds of others you have helped on this thread!

@Frank Patalano

I’m currently renting and have enough saved to buy a rental property long distance, however I’d like to have my own home and house hack too, but my area is too expensive for that right now. I’m torn with using that money or a rental elsewhere (and all the risks that go with that), or continuing to save until I can afford to house back in my area.

Hi everyone,

I am new to BP and am still learning about Real Estate Investing, but it's great to see so many local people to me! I live in Victoria and it's encouraging to see that the methods taught in BP (as a US resource) work for Canadians as well. Has anyone from here ever invested in the states or do you prefer to invest locally? 

Looking forward to connecting! 

@Colton Elwood that’s fantastic information, thank you so much for letting me know all that. I still need to do research about being in Canada and investing in the US (taxes, income, etc), but I will definitely keep this thread and you in mind.

Don’t sweat about that missed one, it just means a better one is coming along!

@Colton Elwood well done! I’m still learning myself but those numbers sound great to me! How would you describe the market in Spokane? I’m from just over the border in Canada, and have been thinking about investing remotely in Spokane or Omak potentially.

@Jeremiah Lee hi! I’m a new investor (still in the learning stage) and I’m thinking of doing something like this on my property as well!

How did it go for you if you don’t mind me asking? Did you end up moving forward with it?

Thanks!

@Thomas S. thanks so much for your thoughts! I’m brand new at this and am trying to learn as much as I can right now. I’ll have to find those numbers and then see if it’s viable. Thank you!

Hi everyone!

New member here, only made my introduction post a few days ago!

I’ve recently bought a wonderful semi-rural house and it doesn’t have too many options in terms of forced appreciation or cashflow as it’s a 2 bedroom, 2 bath.

That said, it is on 7 acres and I’m allowed to build a secondary dwelling and rent it out. I’m wondering with all of the experience in here, if folks think this would be a good idea or no? It would cost to build but I believe it would raise the value of the property and eventually bring in cash flow so I can house hack my own property.

Another option for forced appreciation is to build an extension and add a third bedroom, but not sure if that is worth it either.

Thoughts and opinions are welcome, thank you!